#MtGox

Where the Mt. Gox Money Went: New Details in the BTC-e Exchange Case

Fresh court documents detail how two administrators of the now-defunct BTC-e exchange stole and laundered bitcoin from Mt.Gox, the hacked bitcoin exchange.$BTC

New unsealed court documents shed fresh light on what happened with the massive amounts of bitcoin stolen from Mt. Gox, the bitcoin that was hacked spectacularly starting in 2011.

The two unsealed indictments offer a rare glimpse into the U.S. law enforcement investigations into two of the oldest bitcoin companies, Mt. Gox and BTC-e.

According to the indictment unsealed on Friday, Mt. Gox was hacked not long after the exchange was founded in 2010 by two Russian nationals, Alexander Verner and Alexey Bilyuchenko, as well as their unnamed co-conspirators. With most of its crypto gone, Mt. Gox declared bankruptcy in 2014.